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AMREP Corp T.AXR


Primary Symbol: AXR

AMREP Corporation is a holding company, which conducts business through its subsidiaries. The Company operates through two business segments: land development and homebuilding. The land development segment offers for sale both developed and undeveloped real property to national, regional and local homebuilders, commercial and industrial property developers, and others. The Company owns approximately 17,000 acres in Sandoval County, New Mexico. The Company develops both residential lots and sites for commercial and industrial use as demand warrants. The homebuilding segment offers a variety of home floor plans and elevations at different prices and with varying levels of options and amenities to meet the needs of homebuyers. The Company is focused on selling single-family detached and attached homes. The Company commenced operations in New Mexico of its internal homebuilder, Amreston Homes. The Company utilizes internal and external sales brokers for home sales.


NYSE:AXR - Post by User

Comment by Looking4Doubleson Jun 11, 2022 9:09am
70 Views
Post# 34749106

RE:Known it all absent missing in action

RE:Known it all absent missing in actionJean,

I have taken a few mornings and afternoons to watch each individual tick / trade. The lion's share of the volume is BUYING and 80% of the SELLING quantities are predominantly 100 shares at a time.  In other words, they / some broker is just trying to keep the price from going up quickly.  (ie  To minimize the losses to their short positions and options which are now taking on water.)

However,  this clearly shows that they have NOT covered their positions.  Once these small 100 share SELLs go away, I think the price will quickly jump to $1.50-$2.00 / share U.S.   I also think it happens when Alexco comes out with guidance on WHEN they will be close to 400T/day.  Once investors/fund managers see free cash flow (ie no debt) we will see fireworks in the price.

Hence the reason I will keep adding to my Alexco position over the summer, as well as my cash and coins. (Gold and silver)

The general market is no where near the bottom yet & precious metals will gain more and more interest throughout the summer.   Good Luck !
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